Hawaii’s Most Profitable Companies

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Hawaii’s Most Profitable Companies

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Daniel House

Welcome to Hawaii Business Magazine’s Most Profitable Companies list, the only compilation of net profit performance in the state.

Each year, when we survey companies for the Top 250 list (published in the August issue), we ask them to also provide net profit – the capital left after all operating expenses, taxes, interest and, in some cases, stock dividends are paid.

Only some companies choose to self-report the figures to us. HB researchers also comb through public records to uncover the net profit or loss for some of Hawaii’s largest organizations. These public records include: annual investor reports, filings with the federal Securities and Exchange Commission and federal tax forms 990.

This is far from a complete list, but we thought it worthwhile to share the information that we were able to collect, because profit is an essential part of an economy that aims to grow, attract capital and innovate.

Businesses that self-reported were asked to use generally accepted accounting principles for their industries in calculating net profits or losses for 2016. If questions about GAAP arose, we relied on the expertise of the accounting firm Accuity LLP.

Profit Rank

Top 250 Rank

Company name

Gross Annual Sales (2016)

Net Profit/Loss (2016)

Profit as % of Revenue

1

3

Hawaiian Electric Industries, Inc.

$2,380,654,000

$248,256,000

10%

2

2

Hawaiian Holdings, Inc.

$2,450,580,000

$235,432,000

10%

3

12

First Hawaiian Bank

$736,121,000

$230,178,000

31%

4

15

Bank of Hawaii Corp.

$655,243,000

$181,461,000

28%

5

27

Alexander & Baldwin, Inc.

$387,500,000

$84,700,000

22%

6

37

Honolulu Board of Water Supply

$238,696,328

$54,984,000

23%

7

43

Central Pacific Financial Corp.

$200,266,000

$46,992,000

23%

8

130

Maui Land & Pineapple Co. Inc.

$47,000,000

$22,000,000

47%

9

101

Territorial Savings Bank

$69,858,000

$16,347,000

23%

10

158

Cyanotech Corp.

$31,840,000

$11,866,000

37%

11

110

HawaiiUSA Federal Credit Union

$62,062,000

$11,855,394

19%

12

57

The Hawaii Group, Inc.

$143,348,308

$11,469,092

8%

13

8

Kaiser Permanente Hawaii

$1,473,900,940

$7,951,367

1%

14

96

Hawaii Employers’ Mutual Insurance Co. Inc.

$76,550,248

$7,238,766

9%

15

56

Kaua‘i Island Utility Cooperative

$143,498,563

$6,596,917

5%

16

139

Aqua Engineers Inc.

$41,200,000

$5,900,000

14%

17

181

Alternate Energy Inc.

$25,000,000

$5,500,000

22%

18

229

Hawaii Central Federal Credit Union

$10,180,188

$4,568,562

45%

19

115

Hawaii State Federal Credit Union

$55,500,970

$3,649,639

7%

20

31

UHA Health Insurance (University Health Alliance)

$272,657,234

$3,630,081

1%

21

212

USS Missouri Memorial Association

$16,532,100

$3,586,500

22%

22

94

Pflueger Group

$78,217,577

$3,510,899

4%

23

198

Finance Factors Ltd.

$20,377,367

$3,348,630

16%

24

159

Native Hawaiian Veterans LLC

$31,839,289

$2,965,485

9%

25

168

Aloha Pacific Federal Credit Union

$29,192,325

$2,912,241

10%

26

118

Bacon-Universal Co. Inc.

$53,533,000

$2,502,000

5%

27

186

Hawaiian Tel Federal Credit Union

$23,315,614

$2,482,313

11%

28

216

University of Hawaii Federal Credit Union

$15,708,504

$2,395,043

15%

29

202

Kauai Community Federal Credit Union

$18,945,647

$2,025,768

11%

30

160

Honolulu Builders, LLC

$31,782,903

$2,001,970

6%

31

207

Pohai Nani Retirement Community

$17,307,285

$1,785,770

10%

32

228

CU Hawaii Federal Credit Union

$10,275,829

$1,758,232

17%

33

230

Maui County Federal Credit Union

$9,167,301

$1,375,063

15%

34

91

Pharmacare Hawaii Inc.

$83,000,000

$1,300,000

2%

35

220

Hawaiian Islands Freight Association

$14,688,645

$1,087,828

7%

36

226

Bishop & Company, Inc.

$11,452,960

$1,063,145

9%

37

45

Hawaii Medical Assurance Association (HMAA)

$185,302,000

$1,026,000

1%

38

206

Hickam Federal Credit Union

$17,474,517

$817,285

5%

39

213

Hawaii Community Federal Credit Union

$16,379,851

$804,841

5%

40

179

Kamaaina Kids

$25,580,000

$650,000

3%

41

152

Haleakala Solar Inc.

$33,500,000

$612,000

2%

42

199

HFS Federal Credit Union

$20,072,023

$590,951

3%

43

221

Tanaka Of Tokyo Restaurants Ltd.

$13,363,150

$488,215

4%

44

234

Honolulu Federal Credit Union

$7,751,364

$486,345

5%

45

245

Hawaii First Federal Credit Union

$3,019,800

$459,313

15%

46

238

Kauai Government Employees Federal Credit Union

$5,668,802

$383,746

7%

47

225

Employers Options

$12,355,627

$349,342

3%

48

227

Pearl Hawaii Federal Credit Union

$10,900,000

$323,637

3%

49

237

Hawaii Law Enforcement Federal Credit Union

$5,915,754

$227,449

4%

50

243

Big Island Federal Credit Union

$3,992,993

$212,754

5%

51

248

Hawaii County Employees Federal Credit Union

$2,484,271

$205,012

8%

52

246

Garden Island Federal Credit Union

$2,878,197

$131,130

5%

53

236

Graham Builders, Inc.

$6,000,000

$97,000

2%

54

157

Hawaii Foodbank Inc.

$32,106,560

$75,280

0%

55

183

Parents And Children Together

$24,076,654

-$103,901

0%

56

222

Barnwell Industries, Inc.

$13,287,000

-$2,864,000

-22%

57

131

University of Hawaii Foundation

$46,639,862

-$12,492,593

-27%

58

5

Par Hawaii

$1,655,000,000

-$45,000,000

-3%

59

16

Hawaii Health Systems Corp.

$642,883,682

-$139,395,026

-22%

Hawaii Business does not assume any liability for the absolute correctness of the information.